Tag: software

Analysis, Finance, Software

(NYSE:ORCL) Why is Oracle Buying Micros Systems For About $5.3B?

Software maker Oracle is buying Micros Systems Inc., which provides software and hardware to the hospitality and retail industries, for about $5.3 billion. Oracle said Monday that it will pay $68 per Micros share, a 3 percent premium to the company’s $65.77 Friday closing price. Shares of Micros gained $1.43, or 2.2 percent, to $67.20 in premarket trading Monday. Oracle said the acquisition will extend … Continue reading (NYSE:ORCL) Why is Oracle Buying Micros Systems For About $5.3B?

Adam Keintzel
business, Finance, Internet, Mobile, Software

BlackBerry’s Mega Deal (NASDAQ:BBRY) , New Product for Amazon (NASDAQ:AMZN) and Apple in Trouble in Europe (NASDAQ:AAPL)

BlackBerry Ltd said on Thursday it has signed a agreement with EnStream LP, a mobile payments joint venture owned by Canada’s three large wireless carriers, to provide a secure platform for transactions between banks and consumers. Waterloo, Ontario-based BlackBerry has been trying to reinvent itself under new Chief Executive Officer John Chen as its phones have lost ground to Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy devices.

The company’s QNX software already is a mainstay in the automobile industry, powering electronic and other systems in a wide range of cars.



Amazon’s newly announced music streaming service is yet another attempt by the company to move beyond e-commerce and infuse itself into the daily lives of Americans with an increasing number of offerings, including grocery delivery and streaming TV. The announcement comes just days ahead of the expected unveiling of the company’s first smartphone.

Starting Thursday, Amazon.com Inc. will offer more than a million tracks for ad-free streaming and download to Kindle Fire tablets as well as to computers and the Amazon Music app for Apple and Android devices.



The European Commission will launch a formal investigation on Wednesday into Apple’s tax arrangements in Ireland, Irish state broadcaster RTE reported, without naming its source. The EU’s competition authority said last year that it was looking into corporate tax arrangements in several member states and had requested information from Ireland.



Continue reading “BlackBerry’s Mega Deal (NASDAQ:BBRY) , New Product for Amazon (NASDAQ:AMZN) and Apple in Trouble in Europe (NASDAQ:AAPL)”

Harvey Dyer
Finance, Software

(NYSE:NQ) No Evidence Of Fraud found at NQ Mobile

(NYSE:NQ) The Investigation Team conducted a thorough review of cash reported on NQ Mobile’s financial statements and the Company’s cash transactions, which included the following procedures: obtained bank confirmations for the Company’s accounts through in-person visits and mail

Chinese mobile security software maker NQ Mobile said a special committee had found no evidence of fraud, as alleged by short-seller Muddy Waters Research Group. NQ Mobile also said the committee also found no evidence that the company’s revenues and cash balances were inconsistent with public disclosures. Muddy Waters called NQ Mobile a “massive fraud” in October, a charge NQ Mobile rejected as false.

NQ Mobile’s shares rose about 30 percent in premarket trading.

According to the auditors findings : “The Investigation Team determined that the Company’s cash balances were verifiable and consistent with public disclosures. … (ii) The Investigation Team did not find evidence that the Company’s revenues were inconsistent with public disclosures.”

Benedict commented on NQ Mobile’s activity since the Muddy Waters allegation, “We have seen fees drop off a bit from October to around early to mid April, then we saw fees surge again briefly.”. An independent committee investigating Muddy Waters’ allegations at NQ Mobile Inc (ADR) (NYSE:NQ) has found no evidence of fraud. Block says they continue to investigate NQ Mobile Inc (ADR) (NYSE:NQ) and that he doesn’t think the debate over the company will be over “until regulators step in or NQ’s shares go to zero.”

In the meantime, ChinaRock discloses that is has doubled its stake in NQ Mobile. Both short interest and utilization rose by about one percent on the news, according to Benedict. The utilization rate is now 92 percent.

Continue reading “(NYSE:NQ) No Evidence Of Fraud found at NQ Mobile”

Adam Keintzel
Salon Management Software
business

Own a UK Salon? 4 Ways that Investing in Salon Management Software will Help Your Business

Whether you’ve just opened a new salon or you’ve been in business for the past decade, if you are still relying on paper appointment books and old-school technologies you’re well behind the curve. In today’s blog post we’ll take a look at four ways that investing in a salon management software package can help to alleviate many of the burdens of managing a salon to … Continue reading Own a UK Salon? 4 Ways that Investing in Salon Management Software will Help Your Business

Harvey Dyer